Today's Hot Topics

Ethereum Classic (ETC) Risks Sell-Off As Price Runs Into Trend Line Resistance

Ethereum Classic (ETC) has rallied successfully on short term bullish revival in the market. The price is now retesting a strong trend line resistance that it is unlikely to break. This is because the price has rallied too far too fast and now lacks the strength to break past it. This is likely to result in a rejection which will then push ETC/USD back towards the bottom of the ascending channel. Ethereum Classic (ETC) is a recovering blockchain project with promising prospects long term. However, it has a history of lagging behind when the rest of the market rallies. That...

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Updates on Ethereum Classic Network Revealed by Developer

The coordinator of technology at Ethereum Classic Labs, Steven Lohja has recently published an extensive blog post which announced some key updates regarding the continuous development of Ethereum Classic, a Turing Complete and proof-of-work platform for developing decentralised applications. After it’s launch in January, ETC Labs Core was allegedly designed in order to extend “support and move the Ethereum Classic ecosystem forward,” according to Lohja. He later added that over the course of the initial months of ETC Labs Core’s design, the organisation: “Reached important milestones with ETC-ETH compatibility, vital data analytic tooling, fundamental specifications to improve the DApp development...

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Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been...

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Ethereum Classic (ETC) Retraces Below 21 Week EMA As Rally Comes To A Halt

Ethereum Classic (ETC) is down more than 87% from its all-time high. The recent rally has got a lot of traders excited about the next bull run but the weekly chart for ETC/USD shows that the price is not out of the woods yet. In fact, the rejection that ETC/USD faced at the 21 week EMA has now seen the price decline sharply. If the price ends up closing the week below this level, we might have a strong signal for further downside. The Stochastic RSI for ETC/USD on the weekly time frame has never been this overbought since the...

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Ethereum Classic (ETC) Tests Previous Trend Line Resistance As Strong Support

Ethereum Classic (ETC) has just tested the previous trend line resistance as a strong support and bounced off it starting the day with an almost 4% gain. The daily chart for ETC/USD shows that the price still has plenty of room to rally towards the 200 day moving average which means we could see a price of $6 per coin or higher before the next major decline. Ethereum Classic (ETC) has seen its fair share of negative developments in the recent past but that does not seem to have deterred investors from investing in this promising blockchain project. Recently, Anthony...

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